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In what way is China socialist? It's a kleptocracy and an aggressively capitalist one at that.
by maratd 12y ago
In what way is China socialist? It's a kleptocracy and an aggressively capitalist one at that.
- bildung 12y agoWhether or not China is socialist or capitalist doesn't really matter: GP said "freer" economies have higher growth. Is China freer than Hong Kong or Singapore? (BTW: China sure has a market economy, but OTOH it lacks multiple specifics of contemporary Western capitalist economies, e.g. it's not primarily driven by the financial markets, a significant portion of the workforce still works at state owned enterprises, much deeper planned macro economical development than in the West, ...)